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THE MAIN CHARACTERISTICS OF BELIZE COMPANY

GENERAL
Type of entity
IBC
Type of law
Common
Shelf company availability
Yes
Our time to establish a new company
1 day
Minimum government fees (excluding taxation)
USD 100
Corporate Taxation
Nil
Double taxation treaty access
No
SHARE CAPITAL OR EQUIVALENT
Standard currency
USD
Permitted currencies
Any
Minimum paid up
No minimum required
Usual authorised
USD 50,000
DIRECTORS
Minimum number
One
Local required
No
Corporate Directors permitted
Yes
Location of meetings
Anywhere
Publicly accessible records
No
SHAREHOLDERS
Minimum number
One
Publicly accessible records
No
Location of meetings
Anywhere
COMPANY SECRETARY
Required
Optional
Local or qualified
No
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
No
Requirement to file accounts
No
Publicly accessible accounts
No
OTHER
Requirement to file annual return
No
Change in domicile permitted
Yes

INTEREST OF THE JURISDICTION OF BELIZE

Advantages of a company in Belize

  • No corporate tax – 0%.
  • No publicly accessible records.
  • Account filing is not required.
  • Very effective cost.
  • Speedy incorporation time.

Possible disadvantages of a company in Belize

  • The lack of public registers can make proof of ownership difficult.
  • Not recommended for high profile trading operations.

PRESENTATION OF JURISDICTION

Belize was called British Honduras in former days; however, since 1981 it became an independent democratic Commonwealth country located on the Caribbean seaboard of Central America, being of springboard to optimization for several companies around the world.

The Belize International Business Company (IBC) is the most chosen form of offshore corporate structure. The reason is that the IBC structure (International Business Company Act, 1990) must conduct trading and business outside Belize, and can also carry some of its activities within Belize jurisdiction. IBCs are the key for a diversity of tax planning optimization and international investment purposes.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening